Ravens' salary-cap update: $5.299 million available

The Ravens will be $5.299 million under the NFL salary cap limit of $123 million once rookie first-round safety Matt Elam signs his $6.767 million contract, which includes a $3.301 million signing bonus.

The Elam deal, which has been agreed to in principle and is scheduled to be signed Sunday when rookies, quarterbacks and injured veterans report for training camp, carries a first-year salary-cap figure of $1.23 million.